Philip Morris To Significantly Increase Access Of Its Smoke-free Products

Philip Morris International Inc. (PM) has published the company's business transformation-linked financing framework. The framework includes two sustainability performance targets: increase full-year 2025 smoke-free/total net revenue percentage to
more than 50%; and increase the number of markets where its smoke-free products are
available for sale to 100 markets. These targets have an observation date of December 31, 2025.

Philip Morris said these sustainability targets reflect its determination to become a predominantly smoke-free company within the next five years.

"The transformation of our company is intrinsically linked to our sustainability and corporate strategy," said Jennifer Motles, Chief Sustainability Officer.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port. Affco USA is recalling around 24,461 pounds of frozen raw lamb shoulder products that were not presented for import re-inspection into the U.S., the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves the frozen raw lamb shoulder items that were imported on July 12, 2021. American Express Company (AXP) reported an increase in profit for the third quarter that also topped Wall Street estimates. Consolidated total revenues net of interest expense rose 25 percent year-on-year, primarily reflecting growth in Card Member spending, as well as a rise in the average discount...
Follow RTT